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Nike is in the midst of a reorganization that is designed to improve the time it takes to get product to market. In addition to 1,400 layoffs, Nike has officially renamed market segments for better financial reporting.

Nestle said on Tuesday its approach to its 23 percent stake in French cosmetics firm L‘Oreal was unchanged after the death of L‘Oreal heiress Liliane Bettencourt last week triggered speculation of an ownership shake-up.

Russian shoe retailer Obuv Rossii plans to list shares in an initial public offering (IPO) in Moscow to raise funds for expansion, it said on Tuesday, in a further sign of recovery in the country’s new issues market.

Leathergoods and leather materials supplier Pittards had an encouraging first half with revenues up 6% as its plan to operate a more diversified business start to pay off, even though profits remain tiny.

MySale reported rising sales and underlying profits rising even faster for the latest year as new brands and tech kicked in. It made a net loss, but said it's upbeat for the year ahead and its UK business is surging.

Consolidated net sales and comparable sales for the footwear retailer both decreased, but the Macy's business increased 5.6%. Finish Line also adds Target Chief Technology Officer Faisal Masud to the Board.

SAP, Europe’s biggest technology company, has agreed to buy U.S.-Israeli customer identity software company Gigya to strengthen its position in the booming market for online customer relationship marketing.